Curated News
By: NewsRamp Editorial Staff
September 19, 2024
New Horizon Puts Pedal To The Metal On eVTOL Aircraft
Discuss on Reddit
Discuss on LinkedIn
Discuss on SubstackTLDR
- Investing in New Horizon Aircraft could provide a competitive edge in the eVTOL market.
- New Horizon's eVTOL aircraft uses hybrid technology for greater speed, range, and cargo capacity.
- New Horizon's eVTOL aircraft could benefit the world by enabling medical evacuation and disaster relief.
- New Horizon's Cavorite X7 eVTOL aircraft can reach speeds of 250 miles per hour and fly nearly all of its missions in a formation resembling a conventional aircraft.
Impact - Why it Matters
This news matters because it heralds a new era in aviation with the potential to revolutionize travel and logistics, offering speed, efficiency, and cost savings over traditional aircraft. The company's positioning in the small cap stock market could attract investor attention amid a potential rotation into the sector, making it a stock to watch.
Summary
The future of aviation is here with electric Vertical Take-Off and Landing (eVTOL) aircraft, with New Horizon Aircraft (NASDAQ: HOVR) at the forefront. The company's Cavorite X7 prototype is a hybrid model that promises to disrupt travel, medical evacuation, and special military missions. New Horizon is accelerating the full-scale development of its eVTOL aircraft, anticipating commercialization by year-end. The company has also returned to the equity capital markets with a $2.9 million public offering, positioning itself to benefit from the expected rotation into small cap stocks.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, New Horizon Puts Pedal To The Metal On eVTOL Aircraft
